in germany to be cautious as they attempt at least in the coming days to go back to some sense of normalcy now that these restrictions that we've seen over the past few weeks are going to stop being eased our correspondent kate brady them thank you very much and that's it from me and the news team here in berlin i'm gadol 1st author a small break d.w. business with money cudjoe so don't go away. in the light of climate change. africa's main city. what's in store. for the future in the. context for the major cities to the multimedia insight.

into. europe and the end of world war 2. 1945 brought an end to the destruction suffering and death. and to mark a new beginning of european cooperation. d.w. celebrates the 75th anniversary of the end of the 2nd floor in europe today t w. in the. it's a time of negative records for the world's leading economies germany's exports record to shop just monthly drop on record and the unemployment rate in the united states hits levels not seen since world war 2. also coming up as italy slowly emerges from its months long lockdown jewelers in florence have little to celebrate

. what comes to your business i want to get johnson berlin good to have you with us in these trying times hit by the ongoing covert 19 pandemic germany's exports are down 7.9 percent year over year for the month of march it is the sharpest drop on record imports down 4.5 percent the sharpest decline in over a decade march is the 1st month to reflect the effects of the health crisis and follows a record traits a plus in february. our frankfurt stock market correspondent blitzen told us what's such a dramatic drop in export numbers needs for an export focused economy such as germany it means that hundreds of thousands of workers in those industries are very very nervous right now for them the question is will the temporary relief programs by the german government where the government pays part of their wages will this be

enough to save their jobs or in other words is this just short hair every and horrible slump with a nice rebound after what's always the slowdown in business activity if you orders for the factories will this last longer i talked to one economist this morning who said that he thinks that the current estimate that germany's economy this year will decline overall by 6.5 percent is too optimistic and we're likely to have to be revised downwards. more bad today to also from the world's biggest economy unemployment in the u.s. has surged to almost 15 percent the highest level since the 2nd world war war then $20000000.00 americans lost their jobs last month coronavirus lockdowns led to a massive economic freeze employment fell in all sectors hospitality and leisure were among the hardest hit a monthly drop in april is the largest on record before the crisis unemployment in

the u.s. was at a 50 year low. for more let's bring in the quarter in new york who as always is keeping an eye on wall street these days from a safe distance and so the scale of job losses over there is unprecedented we're ready for that it's basically it's across all sectors which ones are hardest hit us some getting off more likely. well it's clearly leisure and hospitality where we saw the most job losses and was in that segment we had the most losses was bars and restaurants but also overall in the service industry in education and by the way also health services saw quite as steep increase in the jumpiness rate figures that might be

a bit surprising at a time of a health crisis but a lot of dentists for example are close to other health services as well and if you look at the bright side well we have in the tech industry in the digital world for example you have some areas where jobs get created and by the way also lawyers who are specialized in bankruptcies they are also in high demand at this point well we've seen this week that wall street's taken all the bad news in stride did the week end that same way. it clearly did it even was those some shopping shocking jump numbers so we saw blue chips up by iran to $450.00 points i'm almost to 2 percent by the way for the week on oil prices are up by 25 percent nasdaq composite so tech shares are up of for the week by 6 percent hope that's what the market is trading on at this point hope for of a scene hope that the shutdown of the economy will slowly and that some of those

jobs actually will return but it is a bit surprising to me how strong the stock market came back in the positive couple of days actually because what's going to happen was all the debt for example on a corporate level on a government level and also on a private level that's going to hurt nobody there's he's dealing was that his exodus klink clinging to the hope aspect of it. thank you so much. some countries are in trouble even without the coronavirus crisis time is running out for argentina to get its $65000000000.00 mountain of debt under control when its ira's had called for a 3 year delay to interest payments but the country's main creditors are too keen on the idea locked in a debt spots with an increasingly impatient group of creditors or of course in the middle of

a global pandemic argentina as economic crisis couldn't be much deeper back in april the country's economy minister proposes yet another death restructuring plan his hope preventing a 9 default. what we propose to do is to replace the bond structure that is the debt structure that argentina currently has for another structure that includes a 3 year grace period. that become trees creditors which include big names like black rock fidelity and alliance bernstein weren't too enthused by the plan which also includes a big reduction in interest payments friday marked the deadline for bondholders to either support or reject the plan. argentina's government was keen to stress that it remained open to dialogue. but it's relying on good will argentina was in

recession before the coronavirus hiss rampant inflation and widespread poverty were already the norm without some form of a write off of with $65000000000.00 debt burden default appears inevitable. italy emerging from its lockdown and jewel is in florida side due to reopen but the anything but optimistic. florence's ponte vecchio bridge has been known for its quaint to rid of shops since mediæval times. for current tenants like you did that be shown me getting in remains something of an old fashioned peculiarity. she is one of several jewelers operating on the bridge the pandemic has been a disaster for them tourists are their main source of business but they are long gone because of lock down restrictions shops like you dieter's are currently closed their juju reopen on may 18th but she says they cannot do so without additional

support or they get off the cost of just your own and if we were to reopen we'd have operating costs that we can't afford at this time and they don't have neuer of them here still on the way we've written to the government asking for tact and financial benefits to overcome this moment. yeah they have thought it was storming even if the shops reopened tourists won't be back anytime soon and the jewelry business presents special challenges items can't be disinfected and customers obviously want to touch pieces before purchasing for. it's the return of tourists that's key to survival. when they're back on part of it is anyone's guess. and the coronavirus crisis has also given rise to innovation exhibits has gone from building trades to protective equipment for health care workers.

the machines have had an exhibit a running again and creates mccormick is happy to have all these people back at work his company normally makes displays and pop up exhibition booth for clients like you tube or google but all their projects got cancelled so now they're producing medical gallants and facial hair this is one of our e.p. v.c. headgear units has an integrated. clamping mechanism for people to have a smaller head so it's a one size fits most. quickly inserted in the stall as a keyhole registration. people. the company established just 5 years ago was hit hard by the crisis with losses running into millions of dollars chris mccormick tells me the idea to read his production came to him when he was watching new york governor cuomo on t.v. talking about the need for personal protective equipment the next day he was

already working on prototypes of them going together with more of them for the last week she says have been a roller coaster ride. it's totally wild it feels like being in like a world war 2 factory that has been like a repurposed for making work time. that's what. the founders of one distilling thought as well when regular order and with a gentle and whiskey started to dwindle they decided to pivot their production. we had to stop producing spirits for a little while and focus all our efforts on making cancer. has been quite a big change for the business but where. grateful both that we can find a revenue stream from. that we're able to stay busy. now there distillery produces 3000 gallons of hand sanitizer per week mostly for 1st

responders and house workers in washington d.c. staying for the active and creative that's also what's important for christmas call me back at hatch exhibits he shows us his newest product. so for the little guys when the doctor is all done up in there their masks and all the p.p. equipment we made versions where we print animals on them or characters in different faces so when they see it it's not quite as scary as and primitive. and what we found down is it's not just kids that need that smile right now pretty much everybody. hope and purpose that's what we've got says chris mccall make as he reinvent his business model. and that's your business update here and thanks for watching.

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